China’s new home prices rise 1.1% m/m in July

China’s new home prices rise 1.1% m/m in July
16/08/2018 , by , in INTERNATIONAL

China‘s new home prices rose 1.1 percent in July from a month earlier, faster than the increase of 1 percent in June, Reuters calculated from National Bureau of Statistics (NBS) data published on Wednesday.

That marks the 39th straight month of price increases, according to Reuters calculations.

On a year-on-year basis, average new home prices in China’s 70 major cities increased 5.8% in July, quickening from a 5.0% gain in June.

China’s property market has been heating up, despite tighter curbs designed to rein in a more-than-two-year real estate boom.

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